As the Chartered Institute for payroll, pensions and reward professionals in the UK, the Chartered Institute of Payroll Professionals (CIPP) is one of the nine organisations that has signed the “Building a Consensus for Better Pensions” charter calling for major reforms to improve pension outcomes.
The CIPP is working closely with the PLSA to lobby for positive change in pensions and is calling on the main political parties to commit to reforming UK pensions as part of their manifestos for the next General Election.
Samantha O’Sullivan ChMCIPPdip, Policy lead at the CIPP said: “The Chartered Institute of Payroll Professionals is delighted to join forces with the Pension Lifetime Savings Association in signing the Charter to create an adequate, affordable and fair pensions system.
“The Charter looks specifically at getting more people saving into workplace pensions, and this is something the CIPP supports entirely. The Charter, alongside The Pensions (Extension of Automatic Enrolment) (No. 2) Bill gaining Royal Assent, will ensure younger workers, gig economy workers, multiple job holders and low earners will be able to save for their retirement.
“The CIPP does however understand the implications for employers, and will be working alongside members and policy makers to ensure all views are considered and fed back through future consultations, prior to implementation of new legislation.”